Item
7.01 Regulation FD Disclosure
Orlando,
Florida – October 18, 2018.
General aviation and commercial transport aviation are different in many respects, yet they
share a common goal: to improve the passenger experience. This has driven new innovations in aircraft cabin systems using Research
Frontiers’ patented SPD-Smart electronically dimmable windows (EDWs) to improve how passengers feel while in flight.
This
week’s NBAA business aviation show is the stage for visitors to experience just how intelligent aircraft passenger window
systems have become – visitors are interacting with a variety of SPD-Smart EDW products by Research Frontiers licensees
Vision Systems and InspecTech Aero Service. These solutions are delivering unprecedented benefits to passengers on board all types
of fixed wing and rotor aircraft.
By
using SPD-Smart EDWs, passengers and crews can “tune” the amount of light coming into the aircraft cabin, at the touch
of a button – to preserve views, reduce unwanted glare, and manage the optimum amount of healthy daylight for passenger
well-being. Cabin-wide control of the amount of light and glare entering the aircraft improves the flying experience for all,
instantly transforming the cabin interior, and synergistically complementing other systems, such as mood lighting and in-flight
entertainment systems.
Aircraft
windows are a primary path for heat, noise, glare and other environmental elements entering an aircraft through the window opening.
These unwanted elements – cabin heat while the aircraft is at the gate or on the taxiway, and cabin noise during the entire
flight – are well known to cause passengers discomfort, fatigue, jet lag and other ailments. SPD-Smart EDWs, with their
multilayer configuration of films and interlayers, provide all passengers with a cooler, quieter, and more comfortable cabin.
At
NBAA, Vision Systems Featuring SPD-Smart Solutions for Airline Cabins and Cockpits
Vision
Systems is presenting a diverse number of their second-generation SPD-Smart EDWs, branded Nuance V2. Nuance V2, with enhanced
optics and a lower cost, responds to industry requests for systems that allow for brighter cabin interiors, while providing more
effective shading.
The
solutions on display at Vision Systems’ NBAA booth (#1964), include:
●
|
Multizone:
This Nuance V2 solution allows independent control of light and glare through different “zones” of an SPD-Smart
EDW, to any level of tint.
|
|
|
●
|
Variable
light control with diffused light / privacy control: This SPD-Smart solution enables instant and precise dimming from clear
to very dark, plus an opaque white or dark feature for privacy and enjoying soft, diffused daylight through the EDW.
|
|
|
●
|
Interactive:
Vision System’s Info-Vision is the first smart information window integrating SPD-Smart and electroluminescent technologies.
This economical innovation, for use in windows and cabin dividers, provides passengers with travel and other information right
on the window. The tint of the Info-Vision EDW can automatically adjust in real-time, providing optimal contrast and readability.
|
|
|
●
|
Cabin
Divider: The Nuance V2 cabin divider enables adjustable levels of privacy between classes, and allow flight attendants the
ability to view multiple cabins whenever needed.
|
For
more information about Vision Systems at NBAA, please see Vision Systems press release. Vision Systems said, “Vision Systems’
EDWs offer many advantages over other systems… they provide infinite variable shading from fully clear to an extremely
dark state and instant response time. They automatically switch to their darkest possible state when unpowered, keeping the interior
cooler on the tarmac and reducing air conditioning consumption… Vision Systems’ EDWs also deliver a weight reduction
of about 30 percent compared with motorized shades… and have no moving parts, reducing maintenance costs and downtime.”
Vision
Systems collaborates on offering SPD-Smart solutions with PPG Aerospace, the leader in aerospace transparencies. This week, an
aerospace publication article on Vision Systems remarked, “Vision Systems recently reached an agreement with PPG to collaborate
on developing new applications for Nuance V2 and Info-Vision.”
Aircraft
windows and interior designs using Research Frontiers’ patented SPD-Smart light-control technology can be seen at the Vision
Systems booth (#1964), PPG Aerospace booth (#3005), Lufthansa Technik’s booth (#3435), and on aircraft manufactured by Textron,
HondaJet, Eclipse, Epic, Eurocopter, Bell Helicopter and others.
Details
are noted in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The Research Frontiers press release is also available on the Company’s website at www.SmartGlass.com and at various other
places on the internet.
This
report and the press releases referred to herein may include statements that may constitute “forward-looking” statements
as referenced in the Private Securities Litigation Reform Act of 1995. Those statements usually contain words such as “believe”,
“estimate”, “project”, “intend”, “expect”, or similar expressions. Any forward-looking
statements are made by the Company in good faith, pursuant to the safe-harbor provisions of the Act. These forward-looking statements
reflect management’s current views and projections regarding economic conditions, industry environments and Company performance.
Factors, which could significantly change results, include but are not limited to: sales performance, expense levels, competitive
activity, interest rates, changes in the Company’s financial condition and several business factors. Additional information
regarding these and other factors may be included in the Company’s quarterly 10-Q and 10K filings and other public documents,
copies of which are available from the Company on request. By making these forward-looking statements, the Company undertakes
no obligation to update these statements for revisions or changes after the date of this report.
The
information in this Form 8-K or the press release reproduced herein shall not be deemed “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities
Act of 1933, except as shall be expressly set forth by specific reference in such filing.